Defaulting Retirement Distributions Out of Defined-Contribution Plans: A Role for Managed-Payout Target-Date Portfolios

@inproceedings{Fullmer2016DefaultingRD,
  title={Defaulting Retirement Distributions Out of Defined-Contribution Plans: A Role for Managed-Payout Target-Date Portfolios},
  author={Richard K. Fullmer},
  year={2016}
}
Default features in defined-contribution plans are designed to improve the retirement security of plan participants. To date, these have focused on the challenge of saving, ignoring the more complex challenge of dissaving in the post-retirement period. Automatic default provisions that apply to the drawdown of participant account balances after retirement could be beneficial. Their objective would be the reframing of the Zeitgeist of defined-contribution plans from that of savings plans closer… CONTINUE READING